What is good for GM is good for the country and vice versa.

So said Alfred Sloan ( I think). Taking the reverse of this axiom, what is bad for GM is going to be very bad for the country. The last two quarters for GM have been horrible, many of its suppliers look like they are about to go under dragging many families with them.GM is now looking to abandon Pontiac and Buick and shrink back to a size where it can make a profit.That means the market share for the Japanese and the Germans and the Koreans will increase dramatically in the coming years.Whether this translates into jobs for Americans from the transplants and their suppliers is something we have to wait and see. No matter what those jobs are not going to be nearly as lucrative as working for the Big Two.

The GM story could well be a metaphor for America in the age of Bush. While swaggering around the MidEast on clearly trumped up pretexts, Bush has eviscerated our economy and may well have made petroleum wars unnecessary by bankrupting our automotive industry.Along with his plan to gut Social Security, and quite possible, Medicare and Medicaid, his economic plans based on tax cuts have come crashing on the reef of reality.He is desperately seeking a way to create a short term prosperity by getting his dirty hands on Social Security so he can say my tax cuts worked. When that bubble bursts, add some more millions who have been taken in by this modern day Ponzi.

in 1952 told a Senate subcommittee, “What is good for the country is good for General Motors, and what’s good for General Motors is good for the country.”

He later became Defense Secretary under Eisenhower.

enough bombs.

If it goes under, GM will suck hundreds, if not thousands, of companies down in its wake. This is really, really bad and unfortunately, their situation was caused by management.

monopoly of the automotive market.It could launch a new model, assured of a run of atleast one million vehicles.That made it a risk free business for GM> In the new era, GM cannot afford to take such risks because the competition and the choices available to the customer have proliferated.The best thing that can happen to GM would be a cutback of its entire business to a low level from which it can make a profit even at low volumes.

I do not believe GM is capable of operating this way.It is better for it to shut its dooors.

and we will fix them later? The public finally got tired of what GM management philosophy was serving up.